ECONOMYNEXT – Sri Lanka is mulling the continuation of an autarky or giving back economic freedom stolen from the people during monetary instability in 2020, according to a statement by the island’s state minister for finance Ranjith Siyambalapitiya.
Sri Lanka had to decide whether to rise as nation by limiting imports of items like coconut kernels, vesak lanterns and kites, he had said.
Wracked by monetary instability from a flexible exchange rate or soft-peg – a mongrel monetary regime which is neither a hard peg nor a clean float – economic bureaucrats banned the import of 1645 items as money was printed from 2020 suppress interest rates triggering forex shortages.
Up to now import bans on 795 items had been removed, Minister Siyambalapitiya had said during an event at a Temple in Ruwanwella in his home district.
There were 670 items under…
